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, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of work and the proof one out of six people in poverty, the proof 32 million on food stamps to 47 million on food stamps the proof of that 50% of college graduates this year can't find work. >> paul: there's little doubt romney's commander performance helped the g.o.p. ticket. the question is, how much? let's ask wall street jou
to the view he had when he ran four years ago, that a bigger government, spending more, taxing more, regulating more, if you, will trickle-down government would work. >> governor romney has a perspective that says if he cut taxes skewed towards the wealthy and roll back regulations we'll be better off. gwen: 90 minutes later, even democrats gave the debate win to roll any. but after the dust settled, what was true and what wasn't? >> it is not possible to come up with enough loopholes and deductions to only affect high-income individuals to avoid either raising the deficit or burdening the middle class. it's math. >> i'm not in favor of a $5 trillion tax cut. my plan is not to put in place any tax cut that will add to the deficit. gwen: and will today's improved jobs numbers change the political landscape again? debating, peter baker of "the new york times," dan balz of the "washington post." jeanne cummings of block berg news, and john dickerson of slate magazine and cbs news. >> award winning reporting and analysis, covering history as it happens. live in our nation's capital, thi
on 2013 tax increases and the so-called "fiscal cliff." activity p.m., and how corporate money is affecting the congressional races this year. c-span brings you select a vice presidential debates from the past 25 years. here's the lineup. at 7:00, at dick cheney and john edwards. that is followed by then senator joe biden and sarah palin at washington university. at san 3:00 p.m., a vice president george bush and rep ferraro. at 11:45 p.m., and center dan lloyd and signaturesaid mr. bentsen. >> on the fourth day of being in office, a weaver sitting in the oval office. larry summers was looking at this year's budget. you're going to have $1 trillion deficit. he said i have not done anything yet. >> we can not keep looking our children in the eye knowing that we're going to give them a diminished future because we're spending their money today. it is a very simple idea. mayor ron and i am going to bring it to washington. we have to stop spending money we do not have. we must cut spending. we must get this balanced budget. we must get this debt under control. >> congressman paul r
trillion tax cut to the american people, and you've got a -- not personally by name, but we now know it was you. let's just play a clip of this and see what your reaction is. >> well, actually, the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong, because when he says this, let's look at all the rates you're lowering, and then he ignores the fact that i say we're also going to limit deductions and credits and exemptions. he ignores that part. obviously that was corrected by his deputy campaign manager, who said that she stipulated that in fact, the $5 trillion number was wrong. it's completely wrong. >> he's talking about you there, stephanie. >> he is. >> he says that you said it was wrong. >> that's right. right. piers, i'm really glad you brought that up. so there's this thing called math and here are mitt romney's tax cuts. if you add up lowering the tax rate by 20%, eliminating the alternative minimum tax, repealing the high income payroll, repealing the estate tax, and lowering taxes for corporations, that totals $5 trillion. so that's mitt romney's
romney's tax plan adds up. even says it's been done before. a fact check coming up. >>> and a teenage girl bullied posted a desperate cry on the internet. just a month later, she's dead. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxid
to this debt problem, led us to this deficit problem. they want homeownership for everybody. we want tax cuts. we want medicare part "d." we want an expansion of safety net programs and then this is what happens. there's no one in the middle to figure out how to pay for all this stuff the middle has been getting. >> and that's really honestly what this election is about. i think one of the things that i found fascinating, although i didn't think they quite got there, is when the two candidates were asked about the role of government, because that's what elections are always about, it seems to me. i mean, yes, you know, it's about turning out your base and about this or that, but it is mostly about what do you think the role of government is? should the government, for instance, be helping people buy homes through the deduction that we can take on interest rates on the home loan? that's a legitimate argument. is that really the role of government? and if so, somebody has to pay for it, but i don't think we have yet gotten down to the basics of that. what do you want your government to do becau
it meant getting none of what he wanted. jerry brown tax cut which was a flat tax rate on everyone. no progressivity and replacing all federal taxes with two flat rate taxes it was not revenue neutral and it had a little bit of positive revenue. i supported that all of the way because of the tremendous boon bye getting rid of the income tax and i think it would have been wonderful. we need to compromise on all of the issues but not until we have a good position. i don't want to compromise before we start the discussion. i think -- >> wait until the election. >> and then sit down with your people. you don't give away your fail back position before you start. >> we'll see. thank you very much. >>> and how the rest of the world, thank you. and how the rest of the world is viewing us and this and the back and forth and dismissing all of not that they are q. in great shape themselves. but we are hardly looking like fiscal jack lalanes. can what is happens over there happen over here? don't laugh and don't dismiss or go away. tdd#: 1-800-345-2550 let's talk about that 401(k) you picked u
never been done before. >> been done a couple times. jack kennedy lowered tax rates. >> oh, now you're jack kennedy. jon: they touched on the biggest issues for americans jobs and the economy. their messages directed at middle class voters. >> can you declare anything off limits? >> mortgage loopholes. higher deductions, from higher income people. >> can you guaranty no one making less than 100,000 have a mortgage deduction impacted? >> this tax as million small businesses. he keeps trying to make you think some movie star, hedge fund guy. >> 97% of the small businesses make less than $250,000 a year. would the no be affected. >> this tax is a million people. a million small businesses. >> does it tax 97% of the american businesses? >> it taxes -- >> foreign policy. >> want to get people out of poverty in the middle class for self-sufficiency. we believe in upward mobility. that is we'll push for in romney administration. >> we saved a million jobs. i never met two guys more down on america across the board. we're told everything is going bad. 5.2 million new jobs, private sector jo
bickering going on when it comes to taxes. up next, you're going to hear what mitt romney has to say about his plan, what it could mean for you. also, lance armstrong is linked to what one group calls the most sophisticated doping program in cycling history. e 70,000 trades. ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced all-wheel drive. [ engine revving ] it's bringing the future forward. that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. >>> so what's going to happen to your taxes will most certainly be one of the topics paul ryan and joe biden debate thu
then. jamie: well the vice-presidential candidates are hitting each other very hard on taxes. vice president biden claiming the republicans are insisting on new tax cuts for the wealthy. congressman ryan responding with a warning for the middle class. >> if you taxed every person and successful small business making over $200,000 over 100% it would only run the government for 98 days. if everybody who paid income taxes last year including successful small businesses doubled their income taxes last year we would still have a $300 billion deficit. you see there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he thinks about that. hi, stu, good morning. >> well look, the central quote on the economic side of the debate which policy will grow the economy and cut the deficit. paul r
'll be right back? we'll be right back. [ male announcer ] who will raise taxes on the middle class? according to an independent, non-partisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hike on the middle class." want proof? adad the non-partisa study for yourself at american.com. obama a his liberal allies? we can't afford four more years. i'm mitt romney and i approve is message. >> it is going to be a weend seasonal change.. there conditioners today.. tomorrrrow,, definity the furnace. there with fair skies. egrees in gaithersbururg. ththe winds are out of e south. lolook at t the e extent of thid front in quebec all l thee way n toto mississssippi. itsay to some of the coldldest areas. look at how c cold it is to the of us, already 47 in ttsburgh. 36 degrees in chigo. snow in the upper midwest. none of that f us.s. certainly, cold tempmperatures. 75-78. winds wi shift to the north. tomorrow, a wet and chilly sunday. 4848-bit 2s as good as we will i'm b
in order to get proposition 30, the tax measure that he wants very badly to win in november. so, how did he balance his act? >> as you might recall, many years ago, jerry brown expostulated the canoe theory of politics. you paddle on the left, you paddle on the right and you more or less go down the middle in an erratic sort of way. and that's how he approached the legislation that reached his desk this year. he paddled a little on the left, paddled a little on the right. he gave the interest groups a little something here, a little something there. but he didn't give them everything they wanted. and ipd think really what was underlying all of this is not just a essenticentrism, but he want to rock the boat. he didn't want anything to have reverberation to echo and to maybe alienate significant blocks of voters that might look poorly on him, on the capitol, on the legislature. he was saving the legislature from itself in many ways, because what he really wants to happen is the voters to pass his tax increase and anything that would cause great controversy and perhaps damage his image damage
that can bring these sides together in a compromise. the second point about fairness and tax, i think it was mr. bowles who said -- no, it was lloyd. he said, i'd pay more taxes, but they'd have to show they'd treat my extra money in a responsible fashion. amen to that. >> what do you think about the idea that if president obama got elected it would be easier to get a deal done because he would no longer worship the god of re-election? >> i think one thing that's missed by everybody is no matter who's elected, the math is the same. i think it's starting to don on romney there's no free lunch tax cuts. for obama, there's no free lunch from raising taxes either. they're both going to face, i think, very similar realities. as i like to say, the math is inexrabble. >> it isn't the same. the math isn't the same. i believe that if you do the right thing, you broaden the tax base, you take away the loopholes, i think that there is a nonstatic aspect. there's economic growth that can make up a difference, which is at the epicenter of that 5 trillion number. >> not just that, they both have ve
squared off on everything from reform to eye ran to middle class taxes. >> the middle class got knocked on their heels, the great recession crushed them, they need some help now. the last people who need help are 120,000 families for another, another $500 billion tax cut over the next ten years. >> there aren't enough rich people in small businesses to tax to pay for all their spending. and so the next time you hear them say don't worry about it, we will get a few wealthy people to pay their fair share, watchout, middle class, the tax bill is coming to you. >> joining the panel this week, wall street journal columnist and deputy editor, dan, and jason riley. >> he did energize the base. after last week's debate performance by obama, democrats were concerned. they were worried. i think they were less so after this vice presidential debate, and i think that was joe biden's primary concern, energizing the party again. >> how did he specifically do that. >> he mention add lot of things that people wanted or democrats had wanted. the president mentioned last week mentioned the 47% remark and
the middle class, raising taxes on the average family by up to $2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild amera by tearing down the middle class. prioritieies usa action is responsible for the content of this advertising. >>> we want to thank you for watching abc news. we're always online at goodmorningamerica.com on yahoo! that story we told you about the adopted dog that saved the baby, want to bring duke back and show you that face one more time. >> very distinguished. >> uh-huh. >> i think duke and harper are going to be lifelong friends. >> a little gray in his muzzle, too. it's a good reminder to everybody, there are dogs and cats every day in this country that are put down. and they need good homes. and that dog's a good example of it. look what they can do for you. >> save lives. >> we'll see you tomorrow morning, everybody. thanks for watching. >> good morning. :56. kathy park. in the news, dreams dashed ashington were end of an historic season. nats were up six runs to and fans admitted they t they had it
, taxes and which candidate is best for the middle class. >> the one thing we can't be doing right now in the middle of this 3 1/2-year recession is by taking more money out of people's hardworking pocketbooks and wallets and giving it to the federal government. they're like pigs in a trough up there that will just take and take and take and take. >> this has been pretty much my life's work is talking about what's happening to america's middle class. and let's face it. america's middle class has just been getting hammered. republicans have a vision. cut taxes for those at the top and let the chips fall where they may for everybody else. >> when you're talking about getting hammered, professor warren, i suggest you put down the hammer because it's your regulations and your policies that are going to be hurting. >> what? what? he cares about the middle class. >> i feel bad for scott brown. >> he cares about the fact, as joe biden said, the middle class has been pummeled over the past four years. he cares. maybe he cares too much. you know, what i learned the first time i ran, it's a lot
, congressman ryan on the obama tax plan. >> the average tax rate on businesses in the industrialized world is 25%, and the president wants the top affected tax rate on successful small businesses to go above 40%. two-thirds of our jobs come from small businesses. this one tax would actually tax about 53% of small business income. >> it's not 53%. it includes a lot of businesses that people would not consider small businesses. biden was correct, it could include hedge funds that pull in hundreds of millions of dollars a year. >> reporter: mr. biden talks about how the house republicans cut funding. >> the congressman here cut embassy security in his budget by $300 million below what we asked for. >> reporter: fact check found this number a bit inflated. it's closer to $264 million, and that included money for building and maintenance, not just security. finally, mr. biden quotes governor romney prior to the death of osama bin laden. >> governor romney said i wouldn't move heaven and earth come from bin laden. >> this was a quote back in 2007. it was more to it. he talked about not going jus
running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. >> okay. that was good but it's a little bit like sending an e-mail to your opponent in a game of dozens a day after. everyone has left the playground. you have to get in your licks while there are more than 70 million viewers watching. it was frustrating to see president obama miss repeated opportunities to correct factual inaccuracies spouted by romney. president obama, for example, did not add almost as much to the federal debt as all the prior presidents combined. and when mr. romney suggested that half of the green energy companies given stimulus funds had failed, that's only true in 3 is half of about 30. there was that sense also, that the president just didn't really want to be there. it was hard to get a fierce sense of urgency from the president on wednesday night. yes, it did look bad. all the rope-a-dope wednesday morning metaphors couldn't have changed how bad it looked. there is one thing you could
on the tax cuts is just plain wrong and i think virtually every analyst has said, and even your deputy campaign manager said the charge is wrong. but forgetting that for a second, the job of the president is supposed to be to be confident and to be able to stand up for what he believes in and to be able to articulate what's wrong. mitt romney walked over him. >> i will be honest with you, i think he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run, walked away from his record. and that's something we'll have to make an adjustment for. it takes a certain, as president clinton would say, it takes a certain brass to do what governor romney did there, and it's consistent -- this is what he used to do in private business. i mean, he was the closer at bain capital. and the basic theory is say whatever you need to to get the deal, and that's what he did that night. >> again, this is so laughable. "the new york times" -- by the way, "the new york times" is kicking it into overdrive, the week in review section. rep
taxes. >> those are your words, not mine. >> wow. >> stephanie: wow. [ baby crying ] >> maybeby doesn't like -- oh no. >> god. >> stephanie: that's his job is like official whiner of the cam bane. [ whining ] >> he is asking questions. you are not supposed to do that. >> stephanie: yeah, people like a week ago were saying the polls were wrong, and now that they are tightening it's now -- oh look -- >> perfect. [ applause ] >> stephanie: we sort of fell down on the job in that whole polling conspiracy didn't we? are americans just stupid jim said? and then the headline pops up man dies after live roach-eating contest. [ buzzer ] >> stephanie: the polls tightening in florida -- >> well it is florida -- >> just after one debate -- >> stephanie: i know romney has been running one of the most disastrous campaigns in history -- [♪ "world news tonight" theme ♪] >> stephanie: i'm looking forward to the vice presidential debate. >> yeah. >> stephanie: i think ryan is doing a dudy in his pants. someone has changed his nappy. >> you can't ask me questions. [ baby crying ]
70% of the price of a gallon of gas. there are other things, marketing, taxes, things like that. we don't know the cause but we know one thing, the oil companies fully integrated make more money when the price of gasoline is higher. so, it's certainly more than coincidental that the price of gasoline stays higher longer than the price of oil. there's no evidence to show that there's something -- that there's a legitimate effort by oil companies to keep gasoline prices higher. it is certainly suspicious and certainly profitable for the oil companies. >> sterling, what's going to get gas prices down? that's all people care about. they keep hearing oil prices are going down, yet they drive to the pump and pay $4.50 or $5 a gallon? >> well, you can work three end of it. you can work it, supply. you can work on demand. and we're doing both of those. and you can work it volatility, which is a huge, huge factor. as i said, gas -- most of the retailers in my area are independent retailers. they don't lock in long-term or can't lock in long-term oil/gasoline contracts. >> but how much -- >>
access with the citi card. i"i'm not in favor of a a$5 trillion tax cut. that's not my plan." mitchell: "the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket. launching dragon to the international space station and returning cargo -- >> the unmanned capsule called dragon is on its way to the space station after separating from its rocket. it's carrying 1 240us pounds of cargo. the company has been contracted by nasa to fly a dozen flights to resupply t
, approach that he had last week on taxes. i'm going to have a huge tax cut for everyone but i don't have a plan. we're going to arm the good guys without the bad guys. i think he looks less serious in a speech when he's trying to talk about a way he would like the world to look -- >> latin america is another example. he had two sentences on latin america. that was hugo chavez. he didn't congratulate him on winning this weekend. but he -- >> i'm not sure he needed to. >> but two lines, two sentences on latin america, a great economic power down there, brazil, a company named after my own family. and no mention of brazil >> don't you think that this is the romney campaign trying to respond to what has frankly been a mix of sort of incompetence, blunders and inexplicable comments from the white house libya the last few weeks and that's why the focus was on middle east. >> perhaps on mitt romney's failure to establish himself as a world-class leader when you go to great britain and basically insult the people there, insult the people in poland -- >> but -- >> he did talk about a two-state so
's been running on this tax plan. now five months before the election he's saying his big, bold idea is never mind. >> mr. president obama, you're entitled to your own airplane and own house, but not the facts. >> i think it's safe to say the president got trounced. it was the ugliest night. >> the president is going to have to stand up and deliver. he still has a big lead in a couple of key states, but that lead will evaporate quickly. >> he has to step it up. before the debate, we had a new nbc news wall street marist poll. the president up eight points among likely voters in ohio but just two points in virginia and statistically tied in virginia. >> as the late great tim russert would say, it comes down to one state for the romney campaign -- ohio, ohio, ohio. >> now, afghanistan is always in our thoughts. but last week, there was a special incredibly disturbing milestone. the total number of u.s. military deaths in the war eclipsed the 2,000 mark. and tomorrow marks the 11th anniversary of the war in afghanistan. 11 years. >> wow. the greatest disappointment for us and certainly
Search Results 0 to 49 of about 88 (some duplicates have been removed)